img

Note: Okay with failing, will not create Toxic Culture

Something as a founder I have decided over the years. Everywhere around you, you hear stories of founders who worked 16-18 hours a day, made their team work as hard, were assholes, shouted at people, made people cry. You start to think, that's an absolute must to succeed. I don't think it is. For every 2-3 founders that are toxic, there's the one good natured founder who succeeds. They're rare, but they do exist. 1) I've been in many toxic jobs. I've hated them, and had some form of anxiety. To become successful, if I subject people through the same, what was all of this for? 2) I'm not saying I'll keep it too chill at my startup. I actually expect people to work harder than typical corporates, but only if they have good ESOPs in the early days, a chance to actually learn and do well (and that should be pre-aligned) 3) But what about the mission? Don't you want to make sure your mission becomes true, whatever you're chasing actually reaches 1000s/millions of people? Sure. But it solves for many vacations for me, and maybe better lives for my kids, and perhaps some problem gets solved. But what if it doesn't. It cannot come at the cost of miserable lives for my team. I'll never be proud of my work if that happens. We all have a decision. Why just be a successful founder? Why not have a higher aim... be a successful non toxic founder? You'd be truly 1 in a million then. That's how I'll always see it, I hope.

img

CasualMosquito

Meesho

3 months ago

img

Royalflush

Stealth

3 months ago

img

Royalflush

Stealth

3 months ago

See more comments
img

ScholarlyTreasury

Startup

3 months ago

img

Royalflush

Stealth

3 months ago

img

BahadurBilla

Stealth

3 months ago

See more comments
img

nanKhatai

PhonePe

3 months ago

img

QuixoticBill

Stealth

3 months ago

img

Anon00

Walmart

3 months ago

img

Throw_Dirt_On_Me

TCS

3 months ago

img

BiryaniEnthu

Stealth

3 months ago

img

Riyality

Stealth

3 months ago

img

KhwaboKaSipahi

Stealth

3 months ago

img

Momo_chutney

Stealth

3 months ago

img

EvenVenom9

Deloitte

3 months ago

img

Lowser

NoCompany

3 months ago

img

Royalflush

Stealth

3 months ago

img

Lowser

NoCompany

3 months ago

img

AdeptFowl5

Stealth

3 months ago

img

Lowser

NoCompany

3 months ago

img

CurlyDepth

Amazon

3 months ago

img

DrearyBrandy

Capgemini

3 months ago

img

Deadpoet

Stealth

3 months ago

img

Alone_Mast

PhonePe

3 months ago

img

CruelSky2

Deloitte

3 months ago

img

RealMichaelScott

Dunder Mifflin

3 months ago

img

SoftwareMuttanna

Rapido

3 months ago

Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Indian Startups on

by Royalflush

Stealth

PSA: What 8 years in startups have taught me

I've been in startups for the last 8 years. From Series B/C onwards to even a unicorn, over time worked at 3. One of them was an outright scam, raised many millions of $s from top investors, and then ultimately died. Also close with CXOs at decent sized startups, and there is a pattern out there. A few thoughts: 1. Being a startup founder is tough. There's pain. Some people thrive in pain. AKA Masochists. Know how to spot a founder who works 15 hours a day because they love their vision vs. somebody who works 15 hours a day because they're masochists. These people thrive in pain, and hence love to see you miserable as you slog away the hours under their leadership. There is absolutely no vision for the future that they have. They do it for the fame, money, and cause a lot of pain in the process. Nothing good comes out of it. Investors love this breed. 2. I wish I'd done more than just leave the scammy startup. At the point, I decided against whistleblowing. Because I thought there's so many people employed here, they would all be impacted. Over time, 200-300 people more joined after I left. Once the scam was caught, all of them lost their jobs. 3. I'm not a coder. I'm a generalist. Over time, my pay grew but not in line with my peers who went into consulting/VC and then came back to big tech/startups. Over time, you disadvantage yourself if you stick around as a generalist in startups for too long. The next team pays you at some premium over the last one, there's no step jump. You need to somehow find a successful startup early, and genuinely, that is impossible to game - even VCs have to bet on 20 to get it right. These are a few disjointed thoughts. I hope they give some insight. My only takeaways: - If you work at a scammy startup, don't stand it. At least, don't stick around. - I earn lesser than my peers (tier 1 undergrad), but I regret nothing. I love my work, and I'll never get over the kick. I cannot imagine working at a larger company ever again. - Ultimately, you have to be optimistic. Believe that India will grow, good founders will come around, magic will happen ❤️

img

Indian Startups on

by boredcorporate

Others

Startup founders are mafia bosses!

Most startup’s are not founded with great altruistic purpose to elevate human condition. Most startup’s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors. Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives. What bugs me the most isn’t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to “create wealth for some by exploitation of countless others” Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle. It’s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. It’s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags! If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family. *Replace Anthony soprano with your founder/ceo name* 1. VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs 2. Byju’s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control 3. Ashneer G and his wife manipulated company books 4. Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital PS: I refer to most founders because there are few exceptions who don’t fit into this narrative.